1. Find the Summary table "Imports, exports and trade balance of goods on a balance-of-payments basis, by country or country grouping" to answer the questions below.

Questions

  1. How has the amount of Canada's total exports to the United States changed over the last five years? In 2009 U.S.A bought less oil then they did for the other years. But it when back to normal because they started buying more oil again.
  2. Of Canada's total exports, approximately what percentage did the United States purchase in the most recent year? c) 60%
    a) 20% b) 40% c) 60% d) over 80%
  3. Based on data in this table, describe the pattern of exports to Japan, compared with exports to the United States, over the last five years.
    Japan bought a lot less oil then U.S.A
    Japan is increasing and U.S is decreasing and then starts increasing again like japan so they have the same pattern. When U.S is increasing Japan is also increasing and when U.S decreases then also Japan.
  4. Which is larger — our total exports or total imports with the United States?
    Our total exports is higher then our total imports.

  5. Did Canada have a trade surplus (we exported more from them than we imported) or a trade deficit (we imported more from them than we exported) with the United States in the most recent year shown?

    Surplus (we exported more from them than we imported). Canada has a trade surplus.

B. Identifying Canada's major exports using Summary tables

Canada's major export products have changed over time. In the table below, rank the list of products in the order you expect, from highest to lowest value of exports (in $) in column A.
  1. In Summary tables find the table "Exports of goods on a balance-of-payments basis, by product."
  2. With the most recent year shown, fill in column B in the table below, listing the actual rankings.
  3. Looking at the data over the last five years, fill in column C in the table below, indicating whether it has been increasing, decreasing or remaining stable over time.

Canada's major exports
Product
A

  • Your estimated ranking value of exports
  • highest (1) to lowest (6)
B

  • Actual ranking value of exports for the most recent year
  • highest (1) to lowest (6)
C

  • Trend in exports of this product over the last five years (increasing, decreasing, or stable)
>
Wheat

Natural gas

Lumber and
sawmill products

Newsprint and other
paper and paperboard
products

Aircraft and other
transportation equipment

Motor vehicle parts

  1. Outline a possible reason for the trend in exports for any one of these products.